{"id":2036,"date":"2016-05-03T16:10:39","date_gmt":"2016-05-03T16:10:39","guid":{"rendered":"http:\/\/minutes.machine.market\/?p=2036"},"modified":"2016-05-03T16:10:39","modified_gmt":"2016-05-03T16:10:39","slug":"a-robust-u-s-mining-industry-means-more-manufacturing-more-jobs","status":"publish","type":"post","link":"https:\/\/machine.market\/blog\/a-robust-u-s-mining-industry-means-more-manufacturing-more-jobs\/","title":{"rendered":"A Robust U.S. Mining Industry Means More Manufacturing, More Jobs."},"content":{"rendered":"

One surprise of the current, tumultuous presidential election cycle is the degree to which manufacturing has emerged as a significant campaign issue.\u00a0 Candidates are now openly pledging to oppose trade agreements perceived as hurting the nation\u2019s manufacturers.\u00a0And while trade policy is only one aspect of the overall debate, it\u2019s clear that candidates are recognizing manufacturing\u2019s importance to America\u2019s economy.<\/p>\n

A quick glance at the nation\u2019s industrial landscape tells a profound story: America has lost more than five million manufacturing jobs since 2000, with more than 50,000 factories closed.<\/p>\n

Several factors are involved, but one critical aspect remains overlooked\u2014the connection between America\u2019s mining industry and the health of the nation\u2019s manufacturing base.<\/p>\n

Metals and minerals are integral to the American standard of living.\u00a0Thanks to not-so-small luxuries like cars, homes, roads, and electronics, young Americans today will depend in their lifetime on an estimated 27,416 pounds of iron ore, 978 pounds of copper, 521 pounds of zinc, and 1.8 ounces of gold.<\/p>\n

And then there are the industries of tomorrow. For example, one wind turbine requires 8,000 pounds of copper.\u00a0 A hybrid car requires nine pounds of nickel, and the average electric vehicle battery contains nine pounds of lithium.<\/p>\n

All of this means mining, and the countries that produce these minerals and metals will reap the benefits in terms of jobs and economic growth. In 2012, U.S. mines directly employed more than 630,000 workers, for wages totaling $46 billion.<\/p>\n

\n
The estimated value of mine production in 2015 exceeded $78.3 billion.<\/div>\n<\/div>\n

America\u2019s miners are busily extracting everything from copper, zinc, and gold, to silver, nickel, and iron\u2014the very raw materials used by the nation\u2019s manufacturers to produce auto parts, high-tech appliances, industrial machinery, and steel.<\/p>\n

Unfortunately, America\u2019s mining industry is not living up to its full potential.\u00a0 New mining operations are being artificially constrained due to a duplicative and drawn-out mine permitting process. The result is a troubling delay in the opening of new mines, and longer wait times when manufacturers require key metals and minerals.<\/p>\n

In fact, shortages of metals have become an important issue for America\u2019s manufacturing executives, and in a 2014 survey, 90% of them expressed concern about obtaining needed minerals in a timely fashion.<\/p>\n

Procuring domestic metals and other raw materials for U.S. factories should be a simple matter.\u00a0 After all, the United States possesses mineral wealth worth an estimated $6.2 trillion.\u00a0But despite this vast capacity, the United States was forced to import roughly $32 billion worth of processed minerals in 2015. It\u2019s a stunning level of dependency, with America now heavily import-dependent for 43 key minerals.<\/p>\n

This is where Washington is finally getting involved.\u00a0The current U.S. mine permitting process can take roughly a decade to complete, thanks to lengthy paperwork requirements and redundancy.\u00a0In contrast, mine permitting in countries like Australia and Canada, which maintain comparable environmental standards, takes only two to three years.<\/p>\n

Imagine if America\u2019s mine permitting process could be reduced to a very reasonable two years, thus helping the nation\u2019s factories to enjoy more timely access to important metals like iron, gold, and nickel.<\/p>\n

Faster permitting could allow U.S. mines to potentially replace half of current mineral imports, reducing the minerals trade deficit by $16 billion annually, and increasing mining employment by about 125,000 workers.\u00a0 Expanding America\u2019s mining work would also grow jobs in manufacturing sectors that currently produce mining equipment and supplies.<\/p>\n

Fortunately, the Senate recognizes the inefficiency of the situation and recently passed Sen. Lisa Murkowski\u2019s (R-AK) energy legislation, which includes a provision to improve access to minerals critical to the sustained success of the manufacturing industry.<\/p>\n

If Washington is serious about aiding the nation\u2019s manufacturers, the time has come for Congress to deliver legislation to the president that reforms America\u2019s antiquated mine permitting process\u00a0 and revitalizes two industries that have long supported the nation\u2019s middle class.<\/p>\n

Harry Moser is the founder of the Reshoring Initiative.\u00a0<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

One surprise of the current, tumultuous presidential election cycle is the degree to which manufacturing has emerged as a significant campaign issue.\u00a0 Candidates are now openly pledging to oppose trade agreements perceived as hurting the nation\u2019s manufacturers.\u00a0And while trade policy is only one aspect of the overall debate, it\u2019s clear that candidates are recognizing manufacturing\u2019s […]<\/p>\n","protected":false},"author":1,"featured_media":2037,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_et_pb_use_builder":"","_et_pb_old_content":""},"categories":[9],"tags":[1080],"yoast_head":"\nA Robust U.S. Mining Industry Means More Manufacturing, More Jobs. - MachineMarket Blog<\/title>\n<meta name=\"robots\" content=\"index, follow\" \/>\n<meta name=\"googlebot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<meta name=\"bingbot\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cranemarket.com\/blog\/a-robust-u-s-mining-industry-means-more-manufacturing-more-jobs\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"A Robust U.S. Mining Industry Means More Manufacturing, More Jobs. - 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